The Covid Restrictions Business Support Scheme is a new support scheme from the Department for the Economy. It is designed to provide support to those businesses directly impacted by the Northern Ireland Health Protection Regulations, which came into force on Friday 16 October.
The Covid Restrictions Business Support Scheme is administered by Invest NI on behalf of the Department for the Economy (DfE).
The Covid Restrictions Business Support Scheme (CRBSS) will operate in two parts.
The Part B Business Support Scheme is online for applications now and will close on Thursday 10 December 2020.
Part B – A business that is not named in the Health Protection (Coronavirus, Restrictions) (No.2) Regulations (Northern Ireland) 2020, but which supplies goods or services to such a business, or is reliant upon such a business being open and fully operational in order to trade.
What is available
CRBSS Part B is open to businesses not been named in the regulations but either:
- in the direct supply chain of a business named in the regulations and as a result, has been severely impacted; or
- reliant upon a business named in the regulations being open and fully operational and as a result, has been severely impacted.
A one-off grant is available to eligible businesses, subdivided between those paying business rates and those that do not.
Eligible business paying business rates
For business paying business rates directly to Land and Property Services (LPS), the grant payable will be based on the Net Annual Value of the property. Businesses will be entitled to receive a grant for each property they occupy.
Business not paying business rates will receive a one-off grant payment of either £1,500 for those restricted for five weeks and £1,800 for those restricted for six weeks.
Head over to https://www.nibusinessinfo.co.uk/crbss-part-b to find out more about Part B of the scheme and if your business is eligible for support using the online eligibility checker.
Source: Press Release